Kam Hing International (02307) issues profit warning, expecting a net loss attributable to shareholders of approximately HK$95 million to HK$115 million for the fiscal year 2025.
Jin Xing International Holdings Limited (02307) announced that the group is expected to incur a net loss attributable to company owners ranging from approximately HK$95 million to HK$115 million for the year ended December 31, 2025, while the net profit attributable to company owners for the year ended 2024 is approximately HK$28.2 million.
KAM HING INT'L (02307) announced that the group is expected to incur a net loss attributable to company shareholders of approximately HK$95 million to HK$115 million for the year ending December 31, 2025, while a net profit attributable to company shareholders of approximately HK$28.2 million was recorded for the year 2024.
The board of directors believes that the expected net loss for the year 2025 is mainly attributed to: (i) a decrease in gross profit margin; (ii) one-off equipment disposal loss due to the shutdown of the power plant in Panyu; (iii) one-off employee restructuring expenses as a result of streamlining the company's operations in Panyu.
Related Articles
CITIC SEC: Continues to be optimistic about storage demand exceeding expectations, and supply shortage will continue until the first half of 2027.
HK Bull/Bear Outstanding Qty Ratio(56:44) | March 7th
Overnight US stocks | Three major indexes fell this week, technology stocks generally fell, and both WTI and Brent crude oil prices rose above $90.
CITIC SEC: Continues to be optimistic about storage demand exceeding expectations, and supply shortage will continue until the first half of 2027.
HK Bull/Bear Outstanding Qty Ratio(56:44) | March 7th
Overnight US stocks | Three major indexes fell this week, technology stocks generally fell, and both WTI and Brent crude oil prices rose above $90.
RECOMMEND
